IF YOU DON’T ACCEPT BROADER STRUCTURAL REFORMS JUST GO FOR GREXIT, NOW !
EVERY BODY KNOWS IN EUROPE THAT GREECE IS WRECKED NOT ONLY BY DEBT BUT BY THE INSTITUTIONAL FLAWS WITH ITS ECONOMY.
SOME DEBT BURDEN RELIEF THROUGH APPROPRIATE RESCHEDULING BY LINKING REPAYMENTS TO GROWTH MIGHT BE A GREAT IDEA BUT JUST FORGET ABOUT ANY MAJOR WRITE – OFF OF YOUR PUBLIC AND EXTERNAL DEBTS WHICH WOULD JEOPARDIZE THE FUTURE OF THE EURO ZONE.
SORRY, BUT WE EUROPEANS FROM LEADING COUNTRIES WITH STILL NO GROWTH PROSPECTS BUT LASTING ECONOMIC STAGNATION JUST CAN’T AFFORD TO BACK YOU UP ANY MORE.
AGAIN, LET’S PUT IT THIS WAY : NO BROADER STRUCTURAL REFORMS ON YOUR SIDE, JUST GO FOR GREXIT…NOW.
THIS IS NOT A ROOM FOR DEBATE BUT JUST A SUGGESTION FOR « A TAKE IT OR LEAVE IT DEAL » !
THANKS FOR YOUR READING AND UNDERSTANDING AND GOOD LUCK TO YOU AND TO ALL OF OUR GREEK FRIENDS.
N.B : I’LL BE FLYING TO GREECE THIS SUMMER TO STILL EXPERIENCING AMAZING GREEK HOSPITALITY.
PHLDUCX
– PROFESSOR OF FINANCE & BANKING – EX CITIBANKER IN THE EARLY 80′s AT THE TIME OF THE RESCHEDULING OF THE DEBT SERVICE OF FORMER LDCs -
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